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Loan Modification

: Mortgage Lender Implode-o-Meter

Central Banks Dump $57 Billion Of US Agency Debt

By Implode-Explode Heavy Industries

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``The drop is so extreme and so severe that I am wondering if it might be a clerical error that will be corrected next week. If not, it could well be that we are seeing signs that foreign Central Banks are getting serious about diversifying their reserves away from US dollar backed paper. Given the uncertainties surrounding the other fiat currencies globally, it is no stretch of the imagination that some of this money from the sale of such debt is making its way into the gold market.''

Full post as published by Mortgage Lender Implode-o-Meter on September 18, 2010 (boomark / email).

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